Friday, November 30, 2007
Silver Coins
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Investing in silver goes back for thousands of years, dating to the Mesopotamian traders who used silver as currency.
Ancient Greek drachmas were made of silver, as was the traditional Roman denarius. The English monarchy continued the tradition of trading in silver currency, and even the name, pounds sterling, signifies its original makeup.
As an investment vehicle, silver is often looked to as a hedge against hard times.
Read more Silver Coins at http://www.aredconsult.com/coin-collecting/silver-coins.htm
Ancient Greek drachmas were made of silver, as was the traditional Roman denarius. The English monarchy continued the tradition of trading in silver currency, and even the name, pounds sterling, signifies its original makeup.
As an investment vehicle, silver is often looked to as a hedge against hard times.
Read more Silver Coins at http://www.aredconsult.com/coin-collecting/silver-coins.htm
Labels: coin collecting
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Sunday, November 25, 2007
Spanish Coins
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Spanish money was especially significant in the English colonies. Some figures suggest that at least half of the coins used in colonial America were Spanish reales.
Spanish coins play an integral role in most serious numismatist’s collection. These coins are some of the oldest and most interesting coin specimens to currently exist.
Read more Spanish Coins at http://www.aredconsult.com/coin-collecting/spanish-coins.htm
Spanish coins play an integral role in most serious numismatist’s collection. These coins are some of the oldest and most interesting coin specimens to currently exist.
Read more Spanish Coins at http://www.aredconsult.com/coin-collecting/spanish-coins.htm
Labels: coin collecting
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Sunday, November 18, 2007
Coin collection sells for $30 million
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An anonymous buyer has paid more than $30 million for a collection of rare U.S. prototype coins, some from the 1700s, that never went into circulation, according to the dealer that brokered the deal.
The collection consists of about 1,000 coins that collectors refer to as pattern coins — trial designs that never went into production because the U.S. Mint chose other designs.
"This collection is an incredible collection ... These were some of the first coins ever, ever struck by the United States government," said Laura Sperber, a partner in Legend Numismatics of Lincroft, N.J., which brokered the deal.
The seller wanted to remain anonymous, and the buyer, concerned about security, agreed to be identified only as "Mr. Simpson, a Western states collector," Sperber said.
"Both the buyer and the seller are very competitive people. And they're very successful in their careers, and they both love the romance and collectability of coins," Sperber said.
The coins span the period from 1792 to 1942. Highlights include test designs for the first pennies made in 1792 and six coins from 1872 that are often referred to as "Amazonian" patterns because the female figure portraying liberty is much stronger and regal looking than earlier versions.
It took the seller about 10 years to assemble the collection, Sperber said.
Gathering such a large collection of pattern coins is difficult because so few were created in the first place. And they were usually supposed to stay in the possession of the Mint — after all, these were the rejects.
"To accumulate as many patterns as there are in this collection, that's incredible," said Douglas A. Mudd, Curator of the American Numismatic Association Money Museum in Colorado Springs, Colo.
The coins could have made their way into private hands as gifts, or as trades with collectors for other coins that the Mint wanted to acquire, Sperber said.
Independent, third-party experts have verified the collection, Sperber said.
Many of the coins bear depictions of a woman representing liberty and not the profile of a former president, as displayed on coins currently circulating.
Until 1909, when Abraham Lincoln's face was placed on the penny, presidents weren't allowed on coins. At the time the first coins were minted in 1792, putting the nation's leader on a coin seemed too similar to the practice of kings being displayed on European coins. That wasn't considered the best example for a country less than a decade removed from the Revolutionary War.
"To put an individual on coinage was considered very unrepublican because the people have the power in a republic," Mudd said.
Sperber would not say how much her company earned for brokering the deal but said she hopes the magnitude of the sale will get more people interested in collecting coins.
"They're historical. They're beautiful works of art," Sperber said. "They're just plain neat."
By REBECCA SANTANA, Associated Press Writer, Sat Nov 17, 4:10 PM ET
The collection consists of about 1,000 coins that collectors refer to as pattern coins — trial designs that never went into production because the U.S. Mint chose other designs.
"This collection is an incredible collection ... These were some of the first coins ever, ever struck by the United States government," said Laura Sperber, a partner in Legend Numismatics of Lincroft, N.J., which brokered the deal.
The seller wanted to remain anonymous, and the buyer, concerned about security, agreed to be identified only as "Mr. Simpson, a Western states collector," Sperber said.
"Both the buyer and the seller are very competitive people. And they're very successful in their careers, and they both love the romance and collectability of coins," Sperber said.
The coins span the period from 1792 to 1942. Highlights include test designs for the first pennies made in 1792 and six coins from 1872 that are often referred to as "Amazonian" patterns because the female figure portraying liberty is much stronger and regal looking than earlier versions.
It took the seller about 10 years to assemble the collection, Sperber said.
Gathering such a large collection of pattern coins is difficult because so few were created in the first place. And they were usually supposed to stay in the possession of the Mint — after all, these were the rejects.
"To accumulate as many patterns as there are in this collection, that's incredible," said Douglas A. Mudd, Curator of the American Numismatic Association Money Museum in Colorado Springs, Colo.
The coins could have made their way into private hands as gifts, or as trades with collectors for other coins that the Mint wanted to acquire, Sperber said.
Independent, third-party experts have verified the collection, Sperber said.
Many of the coins bear depictions of a woman representing liberty and not the profile of a former president, as displayed on coins currently circulating.
Until 1909, when Abraham Lincoln's face was placed on the penny, presidents weren't allowed on coins. At the time the first coins were minted in 1792, putting the nation's leader on a coin seemed too similar to the practice of kings being displayed on European coins. That wasn't considered the best example for a country less than a decade removed from the Revolutionary War.
"To put an individual on coinage was considered very unrepublican because the people have the power in a republic," Mudd said.
Sperber would not say how much her company earned for brokering the deal but said she hopes the magnitude of the sale will get more people interested in collecting coins.
"They're historical. They're beautiful works of art," Sperber said. "They're just plain neat."
By REBECCA SANTANA, Associated Press Writer, Sat Nov 17, 4:10 PM ET
Labels: coin collecting
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Thursday, November 15, 2007
The US Mint
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Collecting mint-condition coins is a specialty of many collectors. When coins are collected and preserved before they are circulated, they are said to be in "mint" condition.
Coins with mint-made imperfections also make nice collectables. These mint errors happen when a defect occurs in the mint while the coin is being made.
Read more The US Mint at http://www.aredconsult.com/coin-collecting/the-us-mint.htm
Coins with mint-made imperfections also make nice collectables. These mint errors happen when a defect occurs in the mint while the coin is being made.
Read more The US Mint at http://www.aredconsult.com/coin-collecting/the-us-mint.htm
Labels: coin collecting
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Monday, November 12, 2007
US and World Coins
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An interest in world coins often starts with an interest in geography. You may wish to live vicariously through your coin collection, collecting one from each country you would like to visit someday.
US coin collections can also vary. A US collection can consist of the state quarters, one coin from each year for a certain denomination, rare coins, or any number of other combinations.
Read more at US and World Coins at http://www.aredconsult.com/coin-collecting/us-and-world-coins.htm
US coin collections can also vary. A US collection can consist of the state quarters, one coin from each year for a certain denomination, rare coins, or any number of other combinations.
Read more at US and World Coins at http://www.aredconsult.com/coin-collecting/us-and-world-coins.htm
Labels: coin collecting
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Thursday, November 8, 2007
US Coin Collecting
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You may be surprised at how old and unusual some of US coins can be; in fact there are several US coins still in circulation that are actually collector's items.
Other notable US coin collections include those with Kennedy half-dollars, Washington quarters, Roosevelt dimes and Lincoln pennies that commemorate US Presidents.
Read more at US Coin Collecting at http://www.aredconsult.com/coin-collecting/us-coin-collecting.htm
Other notable US coin collections include those with Kennedy half-dollars, Washington quarters, Roosevelt dimes and Lincoln pennies that commemorate US Presidents.
Read more at US Coin Collecting at http://www.aredconsult.com/coin-collecting/us-coin-collecting.htm
Labels: coin collecting
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Tuesday, November 6, 2007
The U.S. State Quarters
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The U.S. State Quarters have become very popular and represent one of the most popular coin collecting programs to come along in many years. Young and old alike are joining the fun and it's a great way to get started in coin collecting.
Each of the quarters is a unique design, made to represent a particular US state. Potential designs for each state's coin were solicited from the public.
For more information on this popular coin collecting program, click to US State Quarters at (http://www.aredconsult.com/coin-collecting/us-state-quarters.htm)
Each of the quarters is a unique design, made to represent a particular US state. Potential designs for each state's coin were solicited from the public.
For more information on this popular coin collecting program, click to US State Quarters at (http://www.aredconsult.com/coin-collecting/us-state-quarters.htm)
Labels: coin collecting
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Sunday, November 4, 2007
Where to Buy Coins
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Looking for new items for your growing coin collection? You can find coins in a number of sources, depending on what type of coin you want to acquire - local coin dealers, coin shows and conventions, online Internet auction sites, etc.
Discover more information at Where to Buy Coins (http://www.aredconsult.com/coin-collecting/where-to-buy-coins.htm)
Discover more information at Where to Buy Coins (http://www.aredconsult.com/coin-collecting/where-to-buy-coins.htm)
Labels: coin collecting
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Friday, November 2, 2007
Coin Collecting Information Blog
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Hello World! Welcome to The Coin Collecting Information Blog.
Today there are millions of people enthralled by coin collecting. Numismatists enjoy coins for both their aesthetic, historical, and monetary value.
One of the hobby's main appeals is the potential it offers to discover something rare and valuable. While identifying such a coin is exciting, the search is the main thrill for coin collecting enthusiasts.
The goal of this Blog is to provide more information about coin collecting. See you around!
Cheers.
Today there are millions of people enthralled by coin collecting. Numismatists enjoy coins for both their aesthetic, historical, and monetary value.
One of the hobby's main appeals is the potential it offers to discover something rare and valuable. While identifying such a coin is exciting, the search is the main thrill for coin collecting enthusiasts.
The goal of this Blog is to provide more information about coin collecting. See you around!
Cheers.
Labels: coin collecting
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